Cemex SAB de CV (NYSE:CX) has been given an average rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $7.90.
A number of analysts have issued reports on CX shares. Zacks Investment Research downgraded shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Goldman Sachs Group started coverage on shares of Cemex SAB de CV in a report on Wednesday, April 10th. They issued a “neutral” rating and a $5.50 price target on the stock. ValuEngine downgraded shares of Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Finally, Barclays set a $7.00 price target on shares of Cemex SAB de CV and gave the company a “buy” rating in a report on Wednesday, January 23rd.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Paloma Partners Management Co bought a new stake in shares of Cemex SAB de CV in the 4th quarter worth about $57,000. B. Riley Wealth Management Inc. bought a new stake in shares of Cemex SAB de CV in the 3rd quarter worth about $74,000. Exane Derivatives increased its holdings in shares of Cemex SAB de CV by 225.5% in the 4th quarter. Exane Derivatives now owns 71,313 shares of the construction company’s stock worth $344,000 after buying an additional 49,405 shares during the last quarter. Dodge & Cox increased its holdings in shares of Cemex SAB de CV by 0.4% in the 3rd quarter. Dodge & Cox now owns 125,711,760 shares of the construction company’s stock worth $885,011,000 after buying an additional 543,765 shares during the last quarter. Finally, Capstone Financial Advisors Inc. bought a new stake in shares of Cemex SAB de CV in the 4th quarter worth about $72,000. Institutional investors own 33.40% of the company’s stock.
Cemex SAB de CV (NYSE:CX) last released its earnings results on Thursday, April 25th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06). Cemex SAB de CV had a net margin of 3.97% and a return on equity of 4.40%. The firm had revenue of $3.24 billion for the quarter. On average, research analysts forecast that Cemex SAB de CV will post 0.44 earnings per share for the current year.
About Cemex SAB de CV
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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